Libya holds Africa's largest proven reserves (48 billion barrels) and has lifted output back toward 1.4 million bpd.

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Under the theme Infrastructure&Investment Driving Energy Growth, the fourth edition of the Libya Energy&Economic Summit (LEES) returns to Tripoli this week on January 24-26. As the country’s flagship ...

Whenever oil prices fall, the same question resurfaces in oil-dependent countries: Are oil revenues sufficient to cover ...

After more than a decade of instability, U.S. and European majors such as ExxonMobil, Chevron, Shell, BP, and Eni are re-entering Libya. Libya’s UN-recognized government is courting Washington to ...

Add Yahoo as a preferred source to see more of our stories on Google. What was marketed as a fragile return to order in Libya has, once again, been exposed as a mirage. On May 12, Tripoli plunged into ...

Libya's central bank announced a 14.7% devaluation of the dinar on Sunday, setting the exchange rate at 6.3759 to the U.S.

In a statement posted on its Facebook page this week, which was translated, Libya’s National Oil Corporation announced the discovery of oil in the Ghaddams basin. “The National Oil Corporation ...

Over the past decade, crude from countries, such as Libya, Russia and Argentina have helped keep the lights on in the Aloha ...

WASHINGTON - The United States' move Monday toward normalized relations with OPEC member Libya should help the African nation in its quest to expand its crude oil production capacity, experts said.